DGKC DG Khan Cement Intra-day Analysis 14 Feb. 2017

Further Advance

Our Pivot: 233.80

Our Preference: Buy DGKC above 239 and add averages till 237.50 with strict stop loss of 233.80 and profit target at 245 with extension towards 247 and 249.

Alternate Scenario: Downward penetration of 233.80 will call for 231 and 227.50.

NOTE:  DGKC is in correction mode and right now its going to have a supportive region around 237.50 Rs from its 50% correction on hourly chart.  Its also being supported by a trend line along with a horizontal line on its correction level.

Recommendation:

Buy above 239 and average it out till 237.50 with target at 245 and 247.

Intra-day Chart with Supports and Resistances: